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Solve the inequality. Graph the solution set.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the cost of those risks.
Agent
A person who is performing an act for another person, called the principal
Principal
A person for whom another person, called the agent, is performing some act.
Asymmetric Information
A condition in which one party in a transaction has more or superior information compared to another, potentially leading to an imbalance in the transaction.
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